Business

Tesco, Britain’s biggest retailer has reported a massive annual pre-tax loss of £6.4bn. Tesco was recently in middle of an accounting scandal and struggling with slump in sales. This is THE worst performance in the history of the 96-year old company as well as the worst recorded performance by a British retailer. Tesco sales are falling as consumers turn away ... Read More »

Germany witnessed thousands of people march against the planned free trade deal between Europe and the U.S., people from Berlin, Munich and many other cities had organized protests on Saturday. While this deal is being shunned across Europe, Germany seems to be dead-on against it. The Transatlantic Trade and Investment Partnership (TTIP) will allow grater power for corporations and to ... Read More »

MakerBot, the 3D printing company based off Brooklyn just kicked off 20 percent of it’s staffs as a part of restructuring the company after it become a subsidiary of 3D printing giant Stratasys in 2013. 20 percent of its staff would equate to roughly 100 employees. The new CEO Jonathan Jaglom signed the order for the cut down. “It’s about ... Read More »

Microsoft’s Bing has made some really impressive progress over the past few years in making itself a preferred search engine. Today it crossed the 20 percent mark in the US search market share, eating away most from Google & Yahoo.Google took the top spot with 64.5 percent, followed by Bing with 20.1 percent and then Yahoo with 12.8 percent finally ... Read More »

Looks like Yahoo might be interested in taking control of Foursquare. Though nothing is confirmed from either side, rumor waves in the tech industry suggest that the deal is done for around $900 million. Yahoo has been quite aggressive in its expansion into the mobile platform and its move to buy Foursquare, an app that you use to “check-in” to ... Read More »

There were just speculations yesterday and today Nokia has officially announced that it plans to go ahead with the purchase of Alcatel-Lucent. Nokia will pay $16.6 billion in share for takeover Alcatel-Lucent, a rival telecom equipment manufacturer. The merger will be complete by first half of next year. In a statement, Alcatel-Lucent CEO Michel Combes said “This transaction comes at ... Read More »

Many of us are quite aware of the inequality in the distribution of the wealth to the point where the richest 1% pretty much have command of most of the wealth in the world. This has been an increasing tread and with more tax cuts for the rich, their wealth only seems to increase at a phenomenal rate. The wealth ... Read More »